Overlay Shares Municipal Etf Performance
| OVM Etf | USD 22.57 0.12 0.53% |
The etf holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and Overlay Shares are completely uncorrelated.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Overlay Shares Municipal are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of very healthy basic indicators, Overlay Shares is not utilizing all of its potentials. The recent stock price disarray, may contribute to short-term losses for the investors. ...more
1 | Investment Analysis and Advice - Stock Traders Daily | 10/23/2024 |
| In Threey Sharp Ratio | -0.42 |
Overlay |
Overlay Shares Relative Risk vs. Return Landscape
If you would invest 2,221 in Overlay Shares Municipal on September 1, 2024 and sell it today you would earn a total of 36.00 from holding Overlay Shares Municipal or generate 1.62% return on investment over 90 days. Overlay Shares Municipal is generating 0.0259% of daily returns assuming volatility of 0.2795% on return distribution over 90 days investment horizon. In other words, 2% of etfs are less volatile than Overlay, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
Overlay Shares Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Overlay Shares' investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as Overlay Shares Municipal, and traders can use it to determine the average amount a Overlay Shares' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0927
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| Negative Returns | OVM |
Estimated Market Risk
| 0.28 actual daily | 2 98% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Overlay Shares is performing at about 7% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Overlay Shares by adding it to a well-diversified portfolio.
Overlay Shares Fundamentals Growth
Overlay Etf prices reflect investors' perceptions of the future prospects and financial health of Overlay Shares, and Overlay Shares fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Overlay Etf performance.
| Total Asset | 14.2 M | |||
About Overlay Shares Performance
By examining Overlay Shares' fundamental ratios, stakeholders can obtain critical insights into Overlay Shares' financial health, operational efficiency, and overall profitability. These insights assist in making well-informed investment and management decisions. For example, a high Return on Assets and Return on Equity would indicate that Overlay Shares is effectively utilizing its assets and equity to generate significant profits, enhancing its appeal to investors. On the other hand, low ROA and ROE values could reveal issues in asset and equity management, highlighting the need for operational improvements.
The fund is an actively-managed exchange-traded fund that seeks to achieve its objective by investing in one or more other ETFs that seek to obtain exposure to the performance of investment grade municipal bonds and below investment grade municipal bonds or directly in the securities held by such ETFs and selling and purchasing listed short-term put options to generate income to the fund. Overlay Shares is traded on NYSEARCA Exchange in the United States.| The fund maintains most of the assets in different exotic instruments. |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Overlay Shares Municipal. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
The market value of Overlay Shares Municipal is measured differently than its book value, which is the value of Overlay that is recorded on the company's balance sheet. Investors also form their own opinion of Overlay Shares' value that differs from its market value or its book value, called intrinsic value, which is Overlay Shares' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Overlay Shares' market value can be influenced by many factors that don't directly affect Overlay Shares' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Overlay Shares' value and its price as these two are different measures arrived at by different means. Investors typically determine if Overlay Shares is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Overlay Shares' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.